Sumitomo Mitsui Financial (SMFG) Tax Rate (2009 - 2026)
Sumitomo Mitsui Financial (SMFG) posted Tax Rate of 41.8% for Q1 2026, up 223.1% sequentially from 33.96% in Q4 2025, and up 714.0% YoY from 5.14% in Q1 2025.
Sumitomo Mitsui Financial (SMFG) Tax Rate (2009 - 2026) Analysis & Trends
Sumitomo Mitsui Financial (SMFG) has 18 years of Tax Rate data on file, last reported at 41.8% in Q1 2026.
- Quarterly Tax Rate rose 714.0% year-over-year to 41.8% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.54% (up 8376.0% YoY) and the FY2026 annual result came in at 1.62%, down 8.0% from the prior year.
- Tax Rate climbed to 41.8% in Q1 2026 per SMFG's latest filing, from 33.96% in the prior quarter.
- The five-year high for Tax Rate was 46.05% in Q3 2024, with the low at 104.19% in Q4 2023.
- Average Tax Rate over 5 years is 10.57%, with a median of 22.67% recorded in 2022.
- Year-over-year, Tax Rate plunged 7824 bps in 2023 and jumped 7121 bps in 2024.
- Sumitomo Mitsui Financial's Tax Rate stood at 25.95% in 2022, then sank by 301 bps to 104.19% in 2023, then jumped by 68 bps to 32.98% in 2024, then dropped by 3 bps to 33.96% in 2025, then jumped by 223 bps to 41.8% in 2026.
- Business Quant data shows SMFG's Tax Rate at 41.8% in Q1 2026, 33.96% in Q4 2025, and 18.62% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Hsbc Holdings | 1,641.64 Bn | 1,642.09 Bn | - | -21.14% |
| 2 | Bank Of America | 423.61 Bn | -183.09 Bn | 29.24 Bn | 17.49% |
| 3 | Wells Fargo & Company | 264.70 Bn | 189.62 Bn | - | 11.55% |
| 4 | Citigroup | 256.70 Bn | -1,928.30 Bn | 19.85 Bn | 33.80% |
| 5 | UBS Group AG | 156.73 Bn | 156.73 Bn | - | - |
| 6 | Bank of New York Mellon | 100.92 Bn | 44.00 Bn | - | 19.15% |
| 7 | Jpmorgan Chase | 93.06 Bn | 120.14 Bn | - | 19.46% |
| 8 | Sumitomo Mitsui Financial | 92.45 Bn | 93.39 Bn | - | 41.80% |
| 9 | Bank of N.T. Butterfield & Son | 2.40 Bn | -454.67 Mn | 152.73 Mn | -2.11% |
| 10 | Mitsubishi Ufj Financial | - | - | -1.48 Bn | -38.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 41.80% |
| Mar 31, 2026 | 41.80% |
| Dec 31, 2025 | -33.96% |
| Dec 31, 2025 | -33.96% |
| Sep 30, 2025 | 18.62% |
| Sep 30, 2025 | 18.62% |
| Jun 30, 2025 | 21.23% |
| Jun 30, 2025 | 21.23% |
| Mar 31, 2025 | -63.43% |
| Mar 31, 2025 | -63.43% |
| Dec 31, 2024 | -32.98% |
| Dec 31, 2024 | -32.98% |
| Sep 30, 2024 | -98.75% |
| Sep 30, 2024 | -98.75% |
| Jun 30, 2024 | -27.94% |
| Jun 30, 2024 | -27.94% |
| Mar 31, 2024 | 486.87% |
| Mar 31, 2024 | 486.87% |
| Dec 31, 2023 | -104.19% |
| Dec 31, 2023 | -104.19% |